Meaning Of The Word OPEC

Real Dictionary

What's the definition of OPEC? Find OPEC meanings, definitions and more at the Real Dictionary online.

OPEC Meaning

OPEC Definition
OPEC Definition

What's The Definition Of OPEC?

OPEC
proper noun: OPEC is an organization of countries that produce oil. It tries to develop a common policy and system of prices. OPEC is an abbreviation for 'Organization of Petroleum-Exporting Countries'.

OPEC in American English
Organization of Petroleum Exporting Countries: an association of major oil-producing nations which seeks to control crude-oil prices by setting production limits for each member nation
noun: an organization founded in 1960 of nations that export large amounts of petroleum: formed to establish oil-exporting policies and set prices

OPEC in British English
noun acronym for: Organization of the Petroleum Exporting Countries: an organization formed in 1961 to administer a common policy for the sale of petroleum

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